Showing posts with label Intraday calls for Today Tomorrow. Show all posts
Showing posts with label Intraday calls for Today Tomorrow. Show all posts
Intraday Calls for Today- Friday 24th june 2011
[12:16 AM | 0 comments ]
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LARSEN & TURBO
L&T showed positive biasness today and traded in tight range. The stock has resistance level at 1680 and support level at 1623. In short term it is expected to consolidate with positive biasness and may test its resistance level.
Resistance2-  1721.37,  Resistance1-  1681.23,  Pivot Point  1661.62, 
Support1-  1646.48,  Support2-  1624.87
Buy L&T on dips
Targets-  1685-1697-1720
Stop Loss-  1648

Titan
Buy Titan
Targets   235-239-245
Stop Lloss-  223

HINDALCO
The stock moved down during the trading hours continuing its major downtrend. The stock is now facing resistance at 170 which is the 50 day moving average of the stock and has support at 163. Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.
Resistance2-  174.65,  Resistance1-  171.65, Pivot Point  166.6,
Support1-  164.6,  Support2-  162.55
Buy Hindalco around 167
Targets-   170-172-173
Stop Loss-  164

Intraday Tips for Wednesday 22nd June 2011
[12:31 AM | 0 comments ]
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Jindal Poly Films Ltd.
Sell Jindal Poly below 298
Targets:- 294-291-287
Stop Loss-  303

Orchid Chemicals & Pharmaceuticals Ltd
Sell Orchid Chemicals below 230
Targets:- 225-222-220
Stop Loss-  234

Bank Nifty Futures:-
Yesterday, Banking sector also struggled under pressure and fall under support level of 10,500. CNX Bank Index lost about -25.15 points or 0.24 %. Amongst banking stocks Indian Overseas Bank , Union Bank and Karur Vysya Banks were the leaders Yesterday.
Bank Nifty Futures finally settled around 10470, which was down by about -29.90 points or -0.28 %. It is now looking bearish in the coming trading session if it would be able to manage to trade below the support level of 10330 or above resistance level of 10650 then it would be in an upward trend.
Support & Resistance Levels for Today(Wednesday):-
It has resistance close to the level of 10680 above this level the next resistance is near to the level of 10850. It has support close to the level of 10430 & below this level the next support is near 10330 marks.

Intraday Tips for Tuesday 21st june 2011
[12:58 AM | 0 comments ]
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BHARTI AIRTEL
The stock today managed to cross its resistance level and had an up rally. one could still hold the long positions in the stock as it is expected to continue its bullish trend.
Resistance2-  389.98,  Resistance1-  385.27,  Pivot Point  377.23,
Support1-  372.52,  Support2-  364.48
Buy above Rs 390
Target - Rs 394-397-399
Stop Loss - Rs 385.

RELIANCE COMMUNICATION
The stock is in short term down trend. It is looking bearish in the coming trading session if it manages to trade and consolidate below the 10 days and 50 days moving averages. One can go for short position in it at 86 for the target of 70.
Resistance2-  97.43,  Resistance1-  96.32,  Pivot Point  94.53,
Support1-  93.42,  Support2-  91.63
Sell below 87
Target - Rs 84-82-81
Stop Loss - 90

Bank Nifty Futures:-
Bank Index lost above -113.90 points, which is near about -1.08%. Credit Bank, Indian Overseas Banks were the leaders yesterday. Yesterday Bank Nifty Futures finally setteled and closed at 10502.40, which was down by -1.13%. In comoing trading session if it would be able to trade below support level of 10325 or above resistance level of 10640 it would be in upward trend.
Resistance & Support Level for Today:-
It has first close to the level of 10650 above this level the next resistance is near to the level of 10850. It has support close to the level of 10330 & below this level the next support is near 10090 marks.






Intraday Calls for Tomorrow- Bank Nifty Friday 17th June 2011
[6:44 PM | 0 comments ]
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In banking sector, Today CNX Bank Index lost -54.50 points or -0.51 %. Amongst the banking stocks Bank of Maharashtra, Union Bank of India and Punjab National Banks were the leaders.

Bank Nifty Futures today shut stop at 10601 and was down by -35.40 points or -0.33 %. Bank nifty is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
Resistance & Support Levels for Friday:-
It has resistance close to the level of 10750 above this level the next resistance is near to the level of 10990. It has support close to the level of 10500 & below this level the next support is near 10330 marks.

Intraday Calls for Tomorrow- Bank Nifty Levels for Thursday 16th June 2011
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In banking sector, CNX Bank Index gained -176.42 points or 0.96 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Development Credit Banks were the leaders.
Today Bank Nifty Futures shut stop at 10633 and was down by -191.30 points or -1.77 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
Resistance & Support Levels for Thursday:-
It has resistance close to the level of 10850 above this level the next resistance is near to the level of 10990. It has support close to the level of 10600 & below this level the next support is near 10330 marks.

Share Tips for Tomorrow- Technical Overview Tuesday 14 June 2011
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JAIPRAKASH ASSOCIATES
JP ASSOCIATES showed positive movements in today's trading session and made an intraday high of 84.65. The stock has resistance level at 85 and support level at 79. In short term it is expected to consolidate with positive biasness and to test its resistance level.
Resistance2-  87.17,  Resistance1-  85.68,  Pivot Point  83.17,
Support1-  81.68,  Support2-  79.17
CIPLA
The stock is currently moving in an up rally after crossing its resistance level. One could still hold the long positions in the stock as it is expected to move till the levels of 341-345 in coming trading sessions.
Resistance2-  348.63,  Resistance1-  344.27,  Pivot Point  337.43,
Support1-  333.07,  Support2-  326.23
NTPC
NTPC showed positive movements in today's trading session and made an intraday high of 181.30. The stock now has support level at 175 and resistance level at 183. In short term it is expected to consolidate with positive biasness.
Resistance2-  184.7,  Resistance1-  182.35,  Pivot Point  178.95, 
Support1-  176.6,  Support2-  173.2
SESA GOA
After making a high of 290.30 it is moving in a downward trend. It is now taking support at 278 and resistance at 289. It is now trading at 281.55, form this level further downside of movement would be expected. One can go for short position in it at 278 for the target of 270.
Resistance2-  286.95,  Resistance1-  284.25,  Pivot Point  282.25, 
Support1-  279.55,  Support2-  277.55
HINDALCO
The stock moved down during the trading hours continuing its major downtrend. The trend presently in the stock is weak. The stock is now facing resistance at 185 which is the 50 day moving average of the stock and has support at 176.One may go for selling the stock once it breaks its support level.
Resistance2-  185.58,  Resistance1-  182.97,  Pivot Point-  181.23
Support1-  178.62,  Support2-  176.88

Intraday Tips for Tomorrow- Technical Overview Monday 13 June 2011
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Hindalco Industries
The stock moved down during the week and closed with positive biasness. The trend presently in the stock is weak. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level. The stock is now facing resistance at 189 which is the 10 day moving average of the stock and has support at 181.One may go for buying the stock once it breaks its resistance level.
Resistance2-  195.05,  Resistance1-  189.9,  Pivot Point  185.8, 
Support1-  180.65,  Support2-  176.55
Maruti Suzuki India
MARUTI is in consolidation phase from last many sessions and last week it continued the same. The stock has resistance level at 1256 and support level at 1190. In short term it is expected to consolidate and remain range bound. Technically above the resistance level it is looking strong on charts.
Resistance2-  1274.85,  Resistance1-  1250.75,  Pivot Point  1220.9,
Support1-  1196.8,  Support2-  1166.95
Ranbaxy Laboratories
Ranbaxy from the last few trading session moving sideways and in today's trading session it was up by 0.58 %. It is now trading at 535.05 from this level either side of movement would be expected. In order to be in an upward trend it has to trade and consolidate above the resistance level of 555 else below 529 it would be in a downward trend.
Resistance2-  552.28,  Resistance1-  543.67,  Pivot Point  536.33, 
Support1-  527.72,  Support2-  520.38
DLF
The stock has moved in an up rally previously and is now consolidating. One should wait for sometime in the stock as it is expected to continue consolidate a bit after a sharp a continuous up rally.
Resistance2-  241.28,   Resistance1-  236.17,  Pivot Point  232.58,
Support1-  227.47,  Support2-  223.88
Larsen and Turbo
L&T remained sideways in last week and closed with moderate losses. The stock has resistance level at 1737 and support level at 1654. In short term it is expected to show some correction and to test its support level.
Resistance2-  1760.72,  Resistance1-  1727.38,  Pivot Point  1702.72,
Support1-  1669.38,  Support2-  1644.72

Share Tips for Tomorrow- Technical Overview Friday 10 June 2011
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NTPC
NTPC showed positive biasness today and made an intraday high of 176.25. The stock has support level at 172 and resistance level at 178. In short term it is expected to consolidate with positive biasness. Technically above the resistance level it is looking strong.
Resistance2-  178.1, Resistance1-  176.7,  Pivot Point  174.85,
Support1-  173.45,  Support2-  171.6
AXIS
The stock has tried to take resistance at higher levels and is now facing a correction phase. It has next support at 1205; breach of this level will take the stock further downwards.
Resistance2-  1246.15,  Resistance1-  1237.45,  Pivot Point  1227.3,
Support1-  1218.6,  Support2-  1208.45
LARSEN AND TOUBRO
L&T consolidated with negative biasness in today's trading session also and made intraday low of 1693.55. The stock has resistance level at 1768 and support level at 1680. In short term it is expected to consolidate and remain range bound.
Resistance2-  1727.87,  Resistance1-  1715.28,  Pivot Point  1704.42,
Support1-  1691.83,  Support2-  1680.97
JAIPRAKASH ASSOCIATES
JP ASSOCIATES traded in tight range today and closed almost flat. The stock has resistance level at 86 and support level at 81. In short term it is expected to consolidate and remain range bound.
Resistance2-  86.03,  Resistance1-  84.97,  Pivot Point  83.83,
Support1-  82.77,  Support2-  81.63
AMBUJA CEMENT
The stock is currently moving in bullish trend. One could hold the long positions in the stock as it is expected to continue its bullish trend and may move till the levels of 147-150 in coming trading sessions.
Resistance2-  145.47,  Resistance1-  143.13,  Pivot Point  141.22,
Support1-  138.88,  Support2-  136.97

Intraday Tips- Technical Overview Tuesday 7 June 2011
[9:29 PM | 0 comments ]
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BPCL
The stock is moving in a bearish trend currently. It managed to breach its support level and made a low of 610. Its next support is at 599, breach of which will continue its bearish trend.
Resistance2-  626.28,  Resistance1-  619.17,  Pivot Point  614.58,
Support1-  607.47,  Support2-  602.88
LARSEN AND TOUBRO
L&T showed upside movements in today's trading session also and made an intraday high of 1736.05. The stock now has resistance level at 1767 and support level at 1650. In short term it is expected to remain positive and to test its resistance level.
Resistance1-  1757.93,  Resistance2-  1742.87,  Pivot Point  1720.98,
Support1-  1705.92,  Support2-  1684.03
SESA GOA
After making a high of 294.55 it is continuously moving in a downward trend. It is now taking support at 278 and resistance at 290. It is now trading at 283.05, form this level further downside of movement would be expected, below support level of 278 it might face more selling pressure else above 296 it would be in an upward trend.
Resistance2-  294.17,  Resistance1-  289.73,  Pivot Point  285.42,
Support1-  280.98,  Support2-  276.67
HDFC BANK
The stock opened gap down and was consolidating during the trading hours and ended on a negative note. A further down movement can be seen in the stock once it breaks its support level. The stock is presently facing resistance at 2390 and has support at 2335 which is the 50 day moving average of the stock. One may go for selling the stock once it breaks its support level.
Resistance2-  2416.88,  Resistance1-  2399.07,  Pivot Point  2372.18,
Support1-  2354.37,  Support2-  2327.48
HINDALCO
The stock moved down during the trading hours and ended with a negative biasness. The trend presently in the stock is weak. A further down movement can be seen in the stock once it breaks its support level. The stock is now facing resistance at 192 and has support at 182.One may go for selling the stock once it breaks its support level.
Resistance2-  193.37,  Resistance1-  189.83,  Pivot Point  187.42,
Support1-  183.88,  Support2-  181.47

Intraday Tips- Technical Overview Friday 3 June 2011
[10:32 PM | 0 comments ]
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BAJAJ AUTO
The stock is currently consolidating in a range. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock while support is at 1280, breach of this level may take it downward.
Resistance2-  1415.5, Resistance1-  1392, Pivot Point  1351.3,
Support1-  1327.8,  Support2-  1287.1
SUN PHARMA
Sun Pharma is looking strong on chart; it is now taking support at 465 and resistance at 481. It is looking bullish in the coming trading session if it manages to trade above the resistance of 481 else below 465 it would be in a downward trend.
Resistance2-  490.6,  Resistance1-  484.55,  Pivot Point  474.85,
Support1-  468.8,  Support2-  459.1
ITC
ITC crosses the resistance level today and made a new high of 197.90. The stock may take resistance from the level of 199 and it support level at 191. It is expected to consolidate with positive biasness in short term.
Resistance2-  200.7,  Resistance1-  198,  Pivot Point  195.2, 
Support1-  192.5,  Support2-  189.7
ICICI BANK
The stock opened gap down and moved down further during the trading hours. The stock is now facing resistance at 1060 which is 10 day moving average of the stock and has support at 1030. Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.
Resistance1-  1070.7,  Resistance2-    1059.8,  Pivot Point  1051.1,
Support1-  1040.2,  Support2-  1031.5
SESA GOA
After making a high of 294.55 it is continuously moving in a downward trend. It is now taking support at 278 and resistance at 290. It is now trading at 283.05, form this level further downside of movement would be expected, below support level of 278 it might face more selling pressure else above 296 it would be in an upward trend.
Resistance2-  292.62,  Resistance1-  287.83,  Pivot Point  284.97,
Support1  280.18,  Support2-  277.32

Intraday Tips for Thursday 2 June 2011- Technical Overview
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RELIANCE COMMUNICATION
After making a high of 79.40 this stock is moving in an upward trend and made a high of 95. It is now taking support at 88 and resistance at 95. It is looking bullish in the coming trading session if it manages to trade the resistance level of 95 else below 88 it might face more selling pressure.
Resistance2-  98.72, Resistance1-  96.33,  Pivot Point  92.72,
Support1-  90.33,  Support2-  86.72
NTPC
NTPC is in negative trend, today it showed sideways movements and closed almost flat. The stock has support level at 165 and resistance level at 173. In short term it is expected to consolidate with negative biasness and to test its support level.
Resistance2-  179.25,  Resistance1-  177.15,  Pivot Point  173.35, 
Support1-  171.25,  Support2-  167.45
AMBUJA CEMENT
The stock is consolidating and tried to take support at lower levels and is now moving in an up rally. Its next resistance is at 140, crossing of which may take the stock further up.
Resistance2-  147.27,  Resistance1-  145.23,  Pivot Point  141.87,
Support1-  139.83,  Support2-  136.47
TATA MOTORS
The stock is currently consolidating. It now has support at 1055, breach of this level may continue its bearish trend else It may also bounce back from lower support levels.
Resistance2-  1105.57,  Resistance1-  1092.73,  Pivot Point  1084.17,
Support1-  1071.33,  Support2-  1062.77
DLF
The stock is moving in an up rally from last a few trading sessions. One should wait for sometime in the stock as it is expected to consolidate a bit after a sharp a continuous up rally.
Resistance2-  244.22,  Resistance1-  240.58,  Pivot Point  236.92,
Support1-  233.28,  Support2-  229.62

Intraday Tips for Wednesday 1 June 2011- Technical Overview
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JAIPRAKASH ASSOCIATES
JP ASSOCIATES as discussed earlier was strong above the level of 84, crossed the resistance level today and made an intraday high of 86.75. The stock now has resistance level at 89 and support level at 82. In short term it may take some correction and remain range bound, after upside movement of today's session.
Resistance2-  89.4,  Resistance1-  87.95,  Pivot Point  85.3, 
Support1-  83.85,  Support2-  81.2
HDFC BANK
A continuous up rally was seen in the stock during the trading hour and the stock marked a high of 2406 after breaking its resistance at 2330. A further up movement can be seen in the stock once it breaks its resistance level. The stock is presently facing resistance at 2425 and has support at 2354. One may go for buying the stock once it breaks its resistance.
Resistance2-  2460.63,  Resistance1-  2418.87,  Pivot Point  2366.93,
Support1-  2325.17,  Support2-  2273.23
DLF
The stock had an up rally in today's trading session. One should wait for sometime in the stock as it is expected to consolidate a bit after a sharp a continuous up rally.
Resistance2-  246.03,  Resistance1-  242.82,  Pivot Point  236.48,
Support1-  233.27,  Support2-  226.93
AMBUJA CEMENT
The stock is consolidating and tried to take support at lower levels and is now moving in an up rally. Its next resistance is at 140, crossing of which may take the stock further up.
Resistance2-  144.17,  Resistance1-  141.58,  Pivot Point  136.92,
Support1-  134.33,  Support2-  129.67
CIPLA
The stock had a correction phase today after a sharp increase previously. It has next support at 317; breach of this level may bring some more correction in the stock.
Resistance2-  338.6,  Resistance1-  331.8,  Pivot Point  328.1,
Support1-  321.3, Support2-  317.6

Intraday Tips for Tuesday 31 May 2011- Technical Overview
[9:42 PM | 0 comments ]
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RANBAXY
Ranbaxy from the last few trading session moving in an upward trend and in today's trading session it manages
to trade and close above the 10 days and 50 days moving averages. It is now trading at 536.60 from this level further upside of movement would be expected. One can go for long position in it at 542 for the target of 560.
Resistance2-  557.82,  Resistance1-  546.83,  Pivot Point  530.42,
Support1-  519.43,  Support2-  503.02
CIPLA
CIPLA showed upside movement in today's trading session and made an intraday high of 331. Now the stock has resistance level at 333 and support level at 321. It is expected to show positive biasness and to test its resistance level in short term.
Resistance2-  338.98,  Resistance1-  334.97,  Pivot Point  326.98,
Support1-  322.97,  Support2-  314.98
SUN PHARMA
Sun Pharma is looking strong on chart; it is now taking support at 457 and resistance at 467. It is looking bullish in the coming trading session if it manages to trade above the resistance of 467 else below 457 it would be in a downward trend.
Resistance2-  479.32,  Resistance1-  472.53,  Pivot Point  460.27,
Support1-  453.48,  Support2-  441.22
MAHINDRA & MAHINDRA
M&M shown steep down rally, and closed with the loss of 5.95%. The stock has support level at 655 and resistance level at 695. In short term it is expected to remain volatile.
Resistance2-  731.62,  Resistance1-  697.58,  Pivot Point  678.42,
Support1-  644.38,  Support2-  625.22
HINDALCO
The stock showed a continuous down movement during the trading hours. The stock is now facing resistance at 200 and has support at 190 which is also the 50 day moving average of the stock. Break of support may take the stock further down. One may go for selling the stock once it breaks its support.
Resistance2-  202.33,  Resistance1-  197.47,  Pivot Ppoint  194.63,
Support1-  189.77,  Support2-  186.93

Intraday Tips for Friday 27 May 2011- Technical Overview
[9:46 PM | 0 comments ]
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ONGC 
ONGC battered down to the level of 261.40 and it is now trading at 274.45, in today's trading session it manages to trade and closes above the 10 days and 50 days moving averages. It is now looking strong on charts. One can go for long position in it at 285 for the target of 300.
Resistance2-  285.08,  Resistance1-  279.77,  Pivot Point  271.03,
Support1-  265.72,  Support2-  256.98
HERO HONDA
The stock had a sharp upward movement during the trading hours. The stock broke its resistance at 1840 and marked a high of 1949. The stock is highly bullish and a further up movement can be seen in the stock once it breaks its resistance level. The resistance for the stock is 1950.
Resistance2-  2028, Resistance1-  1956,  Pivot Point  1877, 
Support1-  1805,  Support2-  1726
DLF
The stock had an up rally in today's trading session. One should wait for sometime in the stock as its is expected to consolidate a bit after a sharp fall previously.
Resistance2-  225.6,  Resistance1-  221.55,  Pivot Point  215.35,
Support1-  211.3,  Support2-  205.1
ITC
As said earlier, ITC is in sideways trend and today also it traded in tight range. The stock has resistance level at 192 and support level at 182. As said earlier, it is in sideways trend from last many sessions and expected to remain range bound in short term.
Resistance2-  190.33,  Resistance1-  188.67,  Pivot Point  187.33,
Support1-  185.67,  Support2-  184.33
BHARTI AIRTEL
The stock is currently consolidating; it has support at 363, breach of this level may take the stock further down while it has resistance at 376.50, crossing of this level may take the stock upward. One has to wait for crossing of levels on either side.
Resistance2-  377.5,  Resistance1-  372.4,  Pivot Point  368.6,
Support1-  363.5,  Support2-  359.7

Intraday Tips for Thursday 26 May 2011- Technical Overview
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AMBUJA CEMENT
The stock is consolidating and tried to take support at lower levels and had an up rally in today's trading session. One could go for sell on rise strategy in the stock until it crosses the level of 137 in upside.
Resistance2-  141.13,  Resistance1-  138.77,  Pivot Point  134.63
Support1-  132.27,  Support2-  128.13
ITC
ITC showed negative side movement today but remained range bound. The stock has resistance level at 192 and support level at 182. It is in sideways trend from last many sessions and expected to remain range bound in short term.
Resistance2-  192.63,  Resistance1-  189.67,  Pivot Point  187.93,
Support1-  184.97,  Support2-  183.23
KOTAK MAHINDRA BANK
KOTAK MAHINDRA BANK had sideways movements in today's trading session and later it showed little recovery. The stock has support level at 402 and resistance level at 421. It is expected to remain sideways in short term, also if it continues to sustain above the support level a bounce back can be seen in it.
Resistance2-  422.7,  Resistance1-  419.4,  Pivot Point  413.7, 
Support1-  410.4,  Support2-  404.7
DLF
The stock has successfully resisted at higher levels and had a downward trend, its major support is at 214.50, and breach of this level may continue its bearish trend.
Resistance2-  230.7,  Resistance1-  224.6,  Pivot Point  219.9, 
Support1-  213.8,  Support2-  209.1
IDFC
IDFC remained sideways in today's trading session and traded in tight range. Now the stock has resistance level at 134 and support level at 129. In short term it is expected to consolidate with positive biasness.
Resistance2-  134.23,  Resistance1-  133.37,  Pivot Point  131.88,
Support1-  131.02,  Support2-  129.53

Intraday Tips for Wednesday 25 May 2011- Technical Overview
[8:52 PM | 0 comments ]
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AMBHUJA CEMENT
The stock is consolidating and tried to take support at lower levels and had an up rally in today's trading session. One could go for sell on rise strategy in the stock until it crosses the level of 137 in upside.
Resistance2-  141.13,  Resistance1-  138.77,  Pivot Point  134.63,
Support1-  132.27,  Support2-  128.13
ACC
The stock is consolidating currently. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take it further upwards.
Resistance2-  1019.27,  Resistance1-  1007.68,  Pivot Point  988.02,
Support1-  976.43,  Support2-  956.77
DR.REDDY LAB
After going up during the earlier trading hours the stock was not able to sustain at its resistance level and moved
down during the trading hours. The trend presently in the stock is weak. The stock is now facing resistance at 1615 and has support at 1540. The stock is close to its support level and break of support may take the stock further down. One may go for selling the stock once it breaks its support.
Resistance2-  1602.72,  Resistance1-  1579.13,  Pivot Point  1566.12,
Support1-  1542.53,  Support2-  1529.52
HCL
The stock moved down during the trading hours after breaking its support at 485 and marked a low of 482. A strong recovery was seen in the stock during the later trading hours but the stock ended on a negative note. A further more correction can be seen in the sock once it breaks its support level. The support for the stock is 480
Resistance2-  500.97,  Resistance1-  495.33,  Pivot Point  488.77,
Support1-  483.13,  Support2-  476.57
HERO HONDA
The stock moved up during the trading hours and ended on a positive note. The trend presently in the stock is sideways. The stock is now facing resistance at 1840 and has support at 1750. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2-  1856.4, Resistance1-  1836.2,  Pivot Point  1805.8,
Support1-  1785.6,  Support2-  1755.2

Intraday Calls for Tomorrow- Bank Nifty for Wednesday 25 May 2011
[6:21 PM | 0 comments ]
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In banking, CNX Bank Index gained 57.30 points or 0.55 %. Amongst the banking stocks Yes Bank, Canara Bank and Oriental Bank of Commerce lead the row.
Bank Nifty Futures shut stop at 10428.85 up by 70.55 points or 0.68 %. It is looking bearish in the coming trading session if it manages to trade support level of 10330 else above resistance level of 10525 it would be in an upward trend.
It has resistance close to the level of 10525 above this level the next resistance near to the level of 10545. It has support close to the level of 10330 & below this level the next support near 10210 marks.

Intraday Tips for Tuesday 24 May 2011- Technical Overview
[9:24 PM | 0 comments ]
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ACC
The stock had consolidated throughout this week after a steep downfall previously. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take it further upwards.
Resistance2-  999.88,  Ressistance1-  982.92,  Pivot Point  972.83,
Support1-  955.87,  Support2-  945.78
BAJAJ AUTO
The stock is currently consolidating in a range. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock while support is at 1280, breach of this level may take it downward.
Resistance2-  1334.27,  Resistance1-  1319.63,  Pivot Point  1308.37,
Support1-  1293.73,  Support2-  1282.47
CIPLA
The stock had a correction in today's trading session. One could hold the long positions in the stock as it is expected to continue its uptrend in coming trading sessions and may move till the levels of 320-322 in near term. z
Resistance2-  321.1,  Resistance1-  315.3,  Pivot Point  310.2, 
Support1-  304.4,  Support2-  299.3
DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2-  230.07,  Resistance1-  226.28,  Pivot Point  223.82,
Support1-  220.03,  Support2-  217.57
GAIL INDIA
After a continuous down rally in the stock a recovery was seen in the stock during the trading hours but the stock was not able to sustain around its resistance of 435. The stock is now facing resistance at 439 and has support at 418. Break of support may take the stock further down.
Resistance2-  455.3,  Resistance1-  445.65,  Pivot Point  429.15,
Support1-  419.5,  Support2-  403

Intraday Tips for Thursday 19 May 2011- Technical Overview
[10:08 PM | 0 comments ]
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BAJAJ AUTO
The stock has successfully tried to take support at lower levels and had an up rally. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock.
Resistance2-  1362,  Resistance1-  1324.7,  Pivot Point  1292.5
Support1-  1255.2,  Support2-  1223
HINDALCO
After a continuous downtrend in the stock the stock moved up during the trading hours and showed some recovery. The trend presently in the stock is sideways. The stock is now facing resistance at 199 and has support at 191. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
Resistance2-  200.65,  Resistance1-  198.6,  Pivot Point  196.45
Support1-  194.4,  Support2-  192.25
BHARTI AIRTEL
The stock consolidated with positive biasness this week. One could go for buying on dip strategy in the stock, its next resistance level is at 376.50, and crossing of this rally may continue the up rally of the stock.
Resistance2-  377.98,  Resistance1-  374.97,  Pivot Point  371.98
Support1-  368.97,  Support2-  365.98
DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2-  235.42,  Resistance1-  232.83,  Pivot Point  229.3
Support1-  226.73,  Support2-  223.22
HDFC BANK
The stock was consolidating during the trading hours and the major trend presently in the stock is sideways. The stock is facing resistance at 2325 and has support at 2220. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
Resistance2-  2297.38,  Resistance1-  2282.37,  Pivot Point  2262.68
Support1-  2247.67,  Support2-  2227.98



Intraday Tips Wednesday 18 May 2011- Technical Overview
[8:57 PM | 0 comments ]
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BAJAJ AUTO
The stock has successfully tried to take support at lower levels and had an up rally. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock.
Resistance2-  1340.05,  Resistance1-  1325.1,  Pivot Point  1305.05, 
Support1-  1290.1,  Support2-  1270.05
BHARTI AIRTEL
The stock consolidated with positive biasness this week. One could go for buying on dip strategy in the stock, its next resistance level is at 376.50, and crossing of this rally may continue the up rally of the stock.
Resistance2-  375.83,  Resistance1-  373.27,  Pivot Point  370.88
Support1-  368.32,  Support2-  365.93
DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2-  233.28,  Resistance1-  230.47,  Pivot Point  226.43,
Support1-  223.62,  Support2-  219.58
GAIL INDIA
As said earlier the stock can shown some correction in coming session, the stock moved down during the trading hours after breaking its support at 449 it marked a low of 431. The stock is now facing resistance at 445 and has support at 429. Break of support may take the stock further down.
Resistance2-  463.17,  Resistance1-  448.23,  Pivot Point  439.77,
Support1-  424.83,  Support2-  416.37
IDFC
IDFC has major downtrend and today also it continued the same, made intraday low of 125.50. The stock is now facing support from the level of 123 and having resistance level at 134. It is expected to consolidate with negative biasness in short term, and it may also bounce back if it continues to sustain above the support level.
Resistance2-  133.35,  Resistance1-  130.4,  Pivot Point  127.95,
Support1-  125,  Support2-  122.55